'It Has Been Said That the Comparison Method of Valuation Is the Best Method. Do You Agree with This Statement?\r'

'It has been said that the par Method of Valuation is the best method acting. Do you agree with this statement? It has been said that the simile Method of Valuation is the best method. I personally agree to this statement scarcely I believe there is no perfect rating method. completely methods engage advantages and disadvantages. Valuers always prefer to use the proportional method for assessing commercialize apprise or food market rent, because it links directly to read of current market legal proceeding.\r\nThe opposite methods: profits, residual, contractors and investing atomic number 18 used when the comparative method butt jointnot be used with full confidence. The comparing method is used to value the important types of property for example houses shops offices and standard warehouses and factories. These are regularly sold or allow in the market giving freshet of evidence to support an assessment of renting value or market value of similar properties. Th e compare method give the gate be used to calculate the market value of the property and the rental as well; all other methods can provide results for one or the other.\r\nSo this method is mainly used because it provides impregnable evidence of the property’s value. All other methods can be manipulated by the valuer. This is the reason why the comparison method is the only acceptable method for tap usage. When there is little or no evidence of comparable market transactions the valuer needs to stand in the spot of the most likely purchaser or tenant to simulate their thinking and calculations they business leader carry out when assessing how much to break for the property concerned. To perform a valuation with the comparison method: The valuer needs to be fully aware of the current scotch conditions * The market should be stable * thither should be plenty of evidence of new sale in similar properties * In Size * Condition * Age * theater of operations * Type As I receive today it is very hard to govern comparable market transactions exclusively because there are very few transactions done. But even when we do find comparable date the market is so unstable that they aren’t reliable. The comparison method of valuation is also a basic component of each of the other methods.\r\nIt plays a vital role in the Investment method. In the first set up of the investment method we need to decompose property sale transactions to fix the relationship between rental income and the hood prices recently paid by investors. So we basically use the comparable info from the comparison method to find a yield or a multiplier factor which expresses the relationship between rent and capital. And in the long run we use this yield and the rental income of a property to calculate the current value.\r\n'